Bahamas central bank digital currency has been promoted to Abacos

According to Bitcoinist reports, Bahamas Deputy Prime Minister and Minister of Finance K Peter Turnquest said recently that the Sand Bahamas digital currency Sand Dollar has been promoted to Abacos Island and is expected to be extended to all Bahamas islands in the second half of 2020. Sand Dollar is backed by a central bank's external reserves and provides multi-factor authentication. Consumers can use facial recognition, biometrics, or passwords to access the Sand Dollar app on their mobile devices.